BO GRONDWERKEN: what changed
What changed
BO GRONDWERKEN
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€604,421
2024 · €418,510+€185,911
Equity
€1.6m
2024 · €1.1m+€504,421
Cash
€1.2m
2024 · €572,610+€598,759
Balance sheet total
€4.5m
2024 · €3.7m+€798,489
Largest movements
Assets
- Cash +€598,759
up €598,759 (+105%), from €572,610 to €1.2m
mainly Net result for the year (+€604,421) and Tax, wage and social debts (+€329,914)
- Tangible fixed assets +€514,720
up €514,720 (+52.3%), from €984,850 to €1.5m
of which Furniture and vehicles: +€324,592
- Receivables within one year -€320,919
down €320,919 (-15.5%), from €2.1m to €1.7m
of which Trade receivables: -€160,665
Equity and liabilities
- Reserves +€500,000
up €500,000 (+61.2%), from €817,350 to €1.3m
of which Distributable reserves: +€500,000
- Tax, wage and social debts +€329,914
up €329,914 (+255%), from €129,442 to €459,356
of which Taxes: +€192,037
- Trade debts -€193,911
down €193,911 (-20.3%), from €954,913 to €761,002
- Debts after one year +€73,414
up €73,414 (+14.3%), from €514,325 to €587,739
- Current portion of long-term debt +€65,752
up €65,752 (+22.0%), from €298,256 to €364,008
Income statement
- Gross operating margin +€671,861
up €671,861 (+35.6%), from €1.9m to €2.6m
- Staff costs +€235,997
up €235,997 (+22.6%), from €1.0m to €1.3m
- Depreciation +€138,606
up €138,606 (+91.2%), from €152,047 to €290,653
- Taxes +€106,528
up €106,528 (+57.1%), from €186,663 to €293,191
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€418,510
Gross operating margin
+€671,861
Staff costs
-€235,997
Depreciation
-€138,606
Write-downs
+€4,364
Other operating charges
-€11,383
Financial income
+€1,328
Financial charges
+€872
Taxes
-€106,528
Result 2025
€604,421
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
-€805,873
Financing
+€29,167
Cash 2024
€572,610
From operations (derived)
+€1.4m
Net result for the year
+€604,421
Depreciation
+€290,653
Receivables within one year
+€320,919
Deferred charges and accrued income
-€5,428
Trade debts
-€193,911
Tax, wage and social debts
+€329,914
Other debts
+€47,913
Accrued charges and deferred income
-€19,015
Investment (derived)
-€805,873
Investment in fixed assets (net)
-€805,873
Financing
+€29,167
Debts after one year
+€73,414
Current portion of long-term debt
+€65,752
Short-term financial debts
-€10,000
Contributions, distributions and other
-€100,000
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,722,071 | €4,520,559 | +€798,489 | +21.5% |
| Fixed assets | 21/28 | €987,340 | €1,502,560 | +€515,220 | +52.2% |
| Tangible fixed assets | 22/27 | €984,850 | €1,499,570 | +€514,720 | +52.3% |
| Plant, machinery and equipment | 23 | €454,460 | €735,544 | +€281,084 | +61.8% |
| Furniture and vehicles | 24 | €76,894 | €401,486 | +€324,592 | +422% |
| Leasing and similar rights | 25 | €368,785 | €276,754 | -€92,031 | -25.0% |
| Other tangible fixed assets | 26 | €84,711 | €85,786 | +€1,076 | +1.3% |
| Financial fixed assets | 28 | €2,490 | €2,990 | +€500 | +20.1% |
| Current assets | 29/58 | €2,734,730 | €3,017,999 | +€283,269 | +10.4% |
| Stocks and contracts in progress | 3 | €45,000 | €45,000 | = | 0.0% |
| Contracts in progress | 37 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,067,054 | €1,746,135 | -€320,919 | -15.5% |
| Trade receivables | 40 | €1,710,027 | €1,549,362 | -€160,665 | -9.4% |
| Other amounts receivable | 41 | €357,027 | €196,773 | -€160,254 | -44.9% |
| Cash at bank and in hand | 54/58 | €572,610 | €1,171,369 | +€598,759 | +105% |
| Deferred charges and accrued income | 490/1 | €50,067 | €55,495 | +€5,428 | +10.8% |
| Total equity and liabilities | 10/49 | €3,722,071 | €4,520,559 | +€798,489 | +21.5% |
| Equity | 10/15 | €1,082,745 | €1,587,166 | +€504,421 | +46.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €817,350 | €1,317,350 | +€500,000 | +61.2% |
| Tax-exempt reserves | 132 | €490 | €490 | = | 0.0% |
| Distributable reserves | 133 | €816,860 | €1,316,860 | +€500,000 | +61.2% |
| Profit (loss) carried forward | 14 | €246,795 | €251,216 | +€4,421 | +1.8% |
| Amounts payable | 17/49 | €2,639,325 | €2,933,393 | +€294,068 | +11.1% |
| Amounts payable after more than one year | 17 | €514,325 | €587,739 | +€73,414 | +14.3% |
| Financial debts | 170/4 | €514,325 | €587,739 | +€73,414 | +14.3% |
| Amounts payable within one year | 42/48 | €1,932,986 | €2,172,654 | +€239,668 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €298,256 | €364,008 | +€65,752 | +22.0% |
| Financial debts | 43 | €410,000 | €400,000 | -€10,000 | -2.4% |
| Credit institutions | 430/8 | €410,000 | €400,000 | -€10,000 | -2.4% |
| Trade debts | 44 | €954,913 | €761,002 | -€193,911 | -20.3% |
| Suppliers | 440/4 | €954,913 | €761,002 | -€193,911 | -20.3% |
| Taxes, remuneration and social security | 45 | €129,442 | €459,356 | +€329,914 | +255% |
| Taxes | 450/3 | €93,935 | €285,972 | +€192,037 | +204% |
| Remuneration and social security | 454/9 | €35,507 | €173,384 | +€137,877 | +388% |
| Other amounts payable | 47/48 | €140,374 | €188,287 | +€47,913 | +34.1% |
| Accrued charges and deferred income | 492/3 | €192,015 | €173,000 | -€19,015 | -9.9% |
| Non-recurring operating income | 76A | €21,128 | - | -€21,128 | |
| Remuneration, social security and pensions | 62 | €1,044,821 | €1,280,817 | +€235,997 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,047 | €290,653 | +€138,606 | +91.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,364 | - | -€4,364 | |
| Other operating charges | 640/8 | €20,630 | €32,013 | +€11,383 | +55.2% |
| Gross operating margin | 9900 | €1,889,795 | €2,561,656 | +€671,861 | +35.6% |
| Operating profit (loss) | 9901 | €667,934 | €958,173 | +€290,239 | +43.5% |
| Financial income | 75/76B | €0 | €1,329 | +€1,328 | +276,742% |
| Recurring financial income | 75 | €0 | €1,329 | +€1,328 | +276,742% |
| Financial charges | 65/66B | €62,762 | €61,890 | -€872 | -1.4% |
| Recurring financial charges | 65 | €62,762 | €61,890 | -€872 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €605,172 | €897,612 | +€292,439 | +48.3% |
| Income taxes | 67/77 | €186,663 | €293,191 | +€106,528 | +57.1% |
| Profit (loss) for the period | 9904 | €418,510 | €604,421 | +€185,911 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €418,510 | €604,421 | +€185,911 | +44.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.